{"id":284076,"date":"2019-07-24T05:34:21","date_gmt":"2019-07-24T05:34:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=284076"},"modified":"2019-07-26T05:38:15","modified_gmt":"2019-07-26T05:38:15","slug":"ap-move-to-review-ppas-of-renewable-projects-puts-%e2%82%b9-21000-cr-debt-at-risk-says-crisil","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ap-move-to-review-ppas-of-renewable-projects-puts-%e2%82%b9-21000-cr-debt-at-risk-says-crisil\/","title":{"rendered":"NCLT initiates insolvency process against L&amp;T Halol"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT), Chennai Bench, has initiated insolvency process against L&amp;T Halol &#8211; Shamlaji Tollway Ltd (L&amp;T Halol) on a petition filed by Oriental Bank of Commerce. The bank alleged that the company had defaulted in repayment of \u20b976.68 crore as on December 2018. <\/p>\n<p>L&amp;T Halol, a special purpose vehicle (SPV) of L&amp;T Infrastructure Development Projects Ltd, however, denied the allegation. Even if there was a default, the bank on its own cannot initiate proceedings against the company, said information in the order by BSV Prakash Kumar, member (Judicial), NCLT Chemnai Bench. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT), Chennai Bench, has initiated insolvency process against L&amp;T Halol &#8211; Shamlaji Tollway Ltd (L&amp;T Halol) on a petition filed by Oriental Bank of Commerce. The bank alleged that the company had defaulted in repayment of \u20b976.68 crore as on December 2018. L&amp;T Halol, a special purpose vehicle (SPV) of L&amp;T Infrastructure Development Projects Ltd, however, denied the allegation. Even if there was a default, the bank on its own cannot initiate proceedings against the company, said information in the order by BSV Prakash Kumar, member (Judicial), NCLT Chemnai Bench.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-284076","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=284076"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284076\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=284076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=284076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=284076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}